FRIENDS OF SWITCHPOINT INC (EIN 760740457) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer

CAROL HOLLOWELL

Phone

4356289310

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF SWITCHPOINT INC is a mid-sized nonprofit in the Human Services sector that reported $30.5M in total revenue in fiscal year 2023. The organization ran a surplus of $7.5M, a strong 25% operating margin.

Mission

TO MOBILIZE INDIVIDUALS AND RESOURCES TO DELIVER CREATIVE SOLUTIONS TO COMMUNITY PROBLEMS. SIGNIFIGANT ACTIVITIES INCLUDE OPERATING HOMELESS SHELTER, COMMUNITY FOOD PANTRY AND A COMMUNITY RESOURCE CENTER TO HELP THOSE SEEKING EMPLOYMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,523,572

Program Service Revenue $4,681,315

Investment Income $112,801

Other Revenue $1,164,153

TOTAL REVENUE $30,481,841

Expense Breakdown

Grants Paid $5,187,128

Salaries & Benefits $10,386,386

Fundraising Expenses $27,907

Program Expenses $21,036,279

Other Expenses $7,371,570

TOTAL EXPENSES $22,945,084

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,481,841	$31,300,537	0.0%
Expenses	$22,945,084	$17,568,066	+0.3%
Net Income	$7,536,757	$13,732,471	-0.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

319

Volunteers

300

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$192,570

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL HOLLOWELL	Executive Dir.	40.00	Officer	$192,570	$0	$192,570
DAVID DANGERFIELD	President	1.00	Officer Director	$0	$0	$0
SHAWN GUZMAN	Director	1.00	Director	$0	$0	$0
ROBERT NICHOLSON	Director	1.00	Director	$0	$0	$0
MARY STRICKLIN	Director	1.00	Director	$0	$0	$0
JIMMIE HUGHES	Director	1.00	Director	$0	$0	$0
WAYNE HEPWORTH	Treasurer	1.00	Officer Director	$0	$0	$0
DOUGLAS THOMAS	Director	1.00	Director	$0	$0	$0
JERI SCHNITKER	Director	1.00	Director	$0	$0	$0
Chris Healy	Director	1.00	Director	$0	$0	$0
Heidi Walker	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$30,481,841	$22,945,084	$52,997,035	$7,536,757
2023	$31,300,537	$17,568,066	$48,471,189	$13,732,471
2022	$25,790,999	$13,125,257	$39,148,693	$12,665,742
2021	$16,354,391	$11,808,234	$11,977,963	$4,546,157
2020	$7,490,772	$6,885,797	$6,913,421	$604,975
2019	$6,900,025	$4,795,264	$5,318,463	$2,104,761
2018	$5,560,014	$4,606,901	$1,822,482	$953,113

FRIENDS OF SWITCHPOINT INC